Rumor: Sohu to Acquire Xunlei Kankan
Sina Tech, 10/25/13
According to an industry insider, Chinese internet firm Sohu's (Nasdaq: SOHU) online video business, Sohu Video, has reached a capital partnership agreement with online video and game operator Xunlei involving the latter's online P2P video service Xunlei Kankan. No details have been released regarding the price of the acquisition or the terms of payment.
Editor's Note: For more information on this topic, please see "Update: Xunlei Spins Off Online Video Business," MD 12/03/13 and "Sohu Denies Rumors of Selling Sogou to Purchase PPTV," MD 5/15/13 issues.
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